Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Binance+0.043%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now +0.043%, 7d avg +0.074%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.031% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEUSDT | 0.07449 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $2.1M | $4.0M | 50x |
| Short | Bybit MEUSDT | 0.07452 | 0.0100 | get 0.0050% / 4h | 2h 09m | $1.5M | $742K | 25x |
Binance MEUSDT
Bybit MEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.043% → +0.074%
- −$3.11
- Slippage, 4 orders
- −$123.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.77
- Costs to cover
- 1.447%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 12 min ago | 2.00 bp | 30.9 bp −$31 | 191.9 bp −$1,919 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.69 bp | 47.3 bp −$47 | 222.7 bp −$2,227 | doesn't fit | doesn't fit |
ME on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07451 | +0.030% | $236K | $98K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07456 | +0.092% | $13K | $20K | 5x | as long as short |
| Binance MEUSDTlong | +0.0100% | 4h | 0.07449 | long leg | $2.1M | $4.0M | 50x | |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07452 | +0.043% | $1.5M | $742K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07450 | +0.016% | $490K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07460 | +0.151% | $190K | $72K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07450 | +0.016% | $480K | $134K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07459 | +0.137% | $207K | $29K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07458 | +0.124% | $639K | $418K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07452 | +0.043% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07470 | +0.287% | $12K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07449 | +0.006% | $26K | — | 15x | as long as short |
Variational Omni ME
Reya MERUSDPERP